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Grand Gulf Energy (ASX:GGE) Price-to-Tangible-Book : 0.78 (As of May. 12, 2024)


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What is Grand Gulf Energy Price-to-Tangible-Book?

As of today (2024-05-12), Grand Gulf Energy's share price is A$0.007. Grand Gulf Energy's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.01. Hence, Grand Gulf Energy's Price to Tangible Book Ratio of today is 0.78.

The historical rank and industry rank for Grand Gulf Energy's Price-to-Tangible-Book or its related term are showing as below:

ASX:GGE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.16   Med: 1   Max: 2.18
Current: 0.7

During the past 13 years, Grand Gulf Energy's highest Price to Tangible Book Ratio was 2.18. The lowest was 0.16. And the median was 1.00.

ASX:GGE's Price-to-Tangible-Book is ranked better than
77.83% of 929 companies
in the Oil & Gas industry
Industry Median: 1.36 vs ASX:GGE: 0.70

A closely related ratio is called PB Ratio. As of today, Grand Gulf Energy's share price is A$0.007. Grand Gulf Energy's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.01. Hence, Grand Gulf Energy's P/B Ratio of today is 0.78.


Grand Gulf Energy Price-to-Tangible-Book Historical Data

The historical data trend for Grand Gulf Energy's Price-to-Tangible-Book can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Grand Gulf Energy Price-to-Tangible-Book Chart

Grand Gulf Energy Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.67 - 1.43 2.09 1.00

Grand Gulf Energy Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.18 2.09 1.73 1.00 1.17

Competitive Comparison of Grand Gulf Energy's Price-to-Tangible-Book

For the Oil & Gas E&P subindustry, Grand Gulf Energy's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Grand Gulf Energy's Price-to-Tangible-Book Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Grand Gulf Energy's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Grand Gulf Energy's Price-to-Tangible-Book falls into.



Grand Gulf Energy Price-to-Tangible-Book Calculation

Grand Gulf Energy's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=0.007/0.009
=0.78

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.


Grand Gulf Energy Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Grand Gulf Energy's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.


Grand Gulf Energy (ASX:GGE) Business Description

Traded in Other Exchanges
Address
56 Kings Park Road, Suite 1G, West Perth, Perth, WA, AUS, 6005
Grand Gulf Energy Ltd is engaged in the exploration, evaluation, and development of oil and gas leases. Its projects include Red Helium Project. The company has one operating segment, being oil & gas production and exploration operations (including exploration for Helium).